India is the largest trade partner and one of the top two investors in Sri Lanka.
“Bilateral trade and Indian investment in Sri Lanka should grow multifold in coming years,” said Adi Godrej, chairman, Godrej group and president, Confederation of Indian Industry.
Tata, Bajaj, Godrej, Bharti and RPG have established their presence in Sri Lanka. Major Indian investments are Bharti Airtel’s $200 million and $15 million by Dabur. Britannia, Ultratech, Ambuja Cement and Ashok Leyland made in-roads.
Recently, CII stepped up its engagement with half a dozen visits by high level delegations of Indian industrialists in three years. The Sri Lankan minister for economic development, Basil Rajapaksa, is an invitee to CII’s ‘partnership summit’ in January.